Question

22.

Use the credit card statement to answer the question below.
ACCOUNT INFORMATION
Account Number
TRANSACTIONS
9 MAY
12 MAY
15 MAY
18 MAY
21 MAY
SUMMARY
3291684271 Fanelli Furs
594683219 Brooklyn Pets
7677095385 Maple Garage
8765713281 PAYMENT
321447162 Caruso's Restaurant
Previous
Balance
$420.50
4-10700000
Total Credit Line
Total Available Credit
Payments
/Credits
$150.00
New
Purchases
$1,227.24
$3,000.00
$1,661.51
Billing Date
Late
Charge
$0.00
Average
Daily
Balance
$1,199.97
30 May Payment Due 8 Jun
DEBITS/CREDITS (-)
Finance
Charge
$19.80
# Days
in Billing
Cycle
30
New
Balance
$1,517.54
APR
19.8%
$975.00
$32.50
$178.21
$150.00
$41.53
Minimum
Payment
$30.00
Monthly
Periodic
Rate
1.65%
If the credit card owner only made the minimum payment this month, what would
their starting balance be next month?
0/0

Answer 1

Answer: 9 May

Step-by-step explanation: 3291684271 Fanelli Furs

594683219 Brooklyn Pets

7677095385 Maple Garage

8765713281 PAYMENT

321447162 Caruso's Restaurant

Previous

Balance

$420.50

4-10700000

Also this doesn't make a lot of sense.